CORT Dividend Type Payments

CORCEPT THERAPEUTICS dividend

Although CORT has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on CORCEPT THERAPEUTICS to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Thu 4:16 PM ET):

CORCEPT THERAPEUTICS (CORT)
Bid Ask Last Change Volume P/E Market Cap
12.05 13.50 12.54 -0.32 817K 10 1.5B

CORT Dividend-Like Income Using Covered Calls

With CORT at 12.54, here's a table showing how big the annual "dividend" (ie. total annual call premium received) would need to be to attain 3%, 5%, and 10% annual yields. Also shown is the equivalent number of cents/day necessary to achieve each yield:

Annual Yield Annual Premium Cents/Day
3% 0.38 0.1
5% 0.63 0.2
10% 1.25 0.3

So now we need to find out of the money covered calls that pay at least the prescribed cents/day amount of time premium. That will generate income and, because they are out of the money, leave room for some upside potential on the stock. Here are some examples:

3% Yield On CORT Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Nov 16 18.00 0.05 30 0.2 4.50 (35.9%)
Feb 15 21.00 0.15 121 0.1 7.50 (59.8%)
5% Yield On CORT Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Nov 16 16.00 0.15 30 0.5 2.50 (19.9%)
Feb 15 19.00 0.30 121 0.2 5.50 (43.9%)
10% Yield On CORT Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Nov 16 16.00 0.15 30 0.5 2.50 (19.9%)
Feb 15 17.00 0.45 121 0.4 3.50 (27.9%)

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Want more examples? CORR Dividend | CORV Dividend